A spendthrift is a person who spends money in an extravagant, irresponsible way. Do you have a spendthrift in your family? Fortunately for you, Florida law allows you the ability to create a spendthrift trust. This type of trust is one set up by the creator (you) for the benefit of a third party (i.e., a spendthrift child). A full discretionary trust gives the independent trustee complete discretion over distributions and prohibits the beneficiary from compelling a distribut
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